Question:

How do we show economic growth on the production possibilities curve?

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How do we show economic growth on the production possibilities curve?

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  1. When the PPF expands, economic growth occurs. i.e. when an economy can produce more of two goods.


  2. we can show growth on ppc by three different graphs

    1. by shifting the whole PPC out wards (both capital and consumer resources improved)

    2. by shifting the PPC out from X axis (only consumer related resources improved)

    3. by shifting the PPC out from Y axis (only capital related resources improved)

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